 | QE index gains, most
Gulf bourses lose MOST Gulf bourses fell ahead
of the weekend as investors,
eyeing a string of on target
earnings results, booked recent
gains while Egyptian investment
bank EFG Hermes surged
after a report it had finalised
talks to sell a stake to Qatar´s.
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| | High oil prices boost
Shell´s Q1 profits 16% |  ENERGY giant Royal Dutch
Shell said on Thursday that
net profits climbed almost 16
percent in the first quarter,
boosted by "strong" oil prices
and rising output.
Europe´s biggest oil company
announced that adjusted
earnings after tax, which
strip out movements in the
value of energy inventories
and other non-operating
items, jumped to $7.28 billion
in the three months to
March 31.
That compared with $6.29
billion in the first quarter of
2011, and comfortably beat
market expectations of $6.75
billion according to analysts
polled by Dow Jones
Newswires.
Total sales increased by
nine percent to $119.92 billion
in the reporting period,
while oil and gas production
rose... | | | India looks at shale gas potential, technology |  INDIA is studying the potential
of shale gas and is watching
safety and technology
developments in other countries
closely, the deputy chairman
of its planning commission
said on Thursday.
"We are exploring the
potential of shale gas for
India and we are watching
(safety) concerns very carefully,"
Montek Ahluwalia told
reporters at a news conference
following a two-day
clean energy ministerial
meeting in London.
"We have no current programme
for going into fracking
in a big way, but we are
looking at the scientific
research and if we have an
opportunity that makes sense
(it could happen)," he added.
The development of shale
gas extraction could change
... | | | German inflation falls in April |  INFLATION in Germany, the
eurozone´s biggest economy,
slowed again in April, official
data showed on Thursday.
The consumer price index
rose by 2 percent on a 12-
month basis in April, down
from the 2.1 percent recorded
in March, the national statistics
office Destatis said in a
statement on preliminary
data.
On a monthly basis, the
cost of living in Germany rose
0.1 percent in April from
March.
Using the Harmonised
Index of Consumer Prices,
the European Central Bank´s
inflation yardstick, the cost of
living in Germany rose 2.2
percent on a 12-month basis
in April, also slower than the
2.3 percent recorded in
March.
The ECB defines price stability
as increases... | |
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